What Mortgage Rates Will Do Over The Next 30 Days (July 16, 2009 Edition)

Americans no longer have Recession on the Brain like they did last September and October. Back then, the financial crisis was the leading story of every news-related show on TV and in print. The notable absence of these The End Of The World As We Know It-like messages may be one reason why consumer purse strings are starting to loosen. For the fourth straight month in May, Retail Sales figures were hotter-than-expected. Consumer spending accounts for the majority of the economy's activity and, now that spending is up, Wall Street is betting that businesses will prosper.